(MENAFN- QNA) Industrial production in the eurozone rebounded in July, raising hopes that the 18-member currency bloc has regained momentum after stagnating in the previous quarter, data released on Friday showed.
Output grew by a more-than-forecast 1 per cent from June, when it contracted by 0.3 per cent, the European Union statistics office Eurostat said.
Analysts surveyed by dpa-AFX had expected a 0.7-per-cent gain in July, dpa reported.
Industrial production was 2.2-per-cent higher in July when compared with the same month last year.
There was also encouraging signs from the eurozone's hard-pressed jobs market.
Despite the fragile state of the currency bloc economy, employment edged up by 0.2 per cent in the second quarter from 0.1 per cent in the three months ended March.
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